NorthWest Biotherapeutics Inc (NWBO)

[JerryCampbell]

Consider the situation in light of maximizing Linda Powers' wealth rather than that of nwbo longs.

Via Toucan, Linda controlled Cognate. She benefitted from building it up, and monetized that asset by selling it to its management team. nwbo longs did not share in those sale proceeds.

Advent is also owned by Toucan as noted in the nwbo 10-K "Advent continues to be owned by Toucan Capital Fund III". Via Toucan, Linda benefits from any buildup of Advent, perhaps eventually with a similar exit strategy to Cognate. Once again, no proceeds would go to nwbo longs.

nwbo longs only have one way to win. Linda Powers has already made a killing in her biotech ventures. To her, nwbo success would be the cherry on top of an already generous sundae.